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Kurukshetra University Funds CodeQuotient, An Edtech Startup
There is a huge demand for jobs in the engineering stream. According to stats, about 1.5 million students graduate from engineering colleges every year but are unable to land up with nice jobs.
Some of the reasons behind this are estimated to be lack of availability of candidates with the required skills and knowledge. Also, companies look for candidates who do not require excess training. Looking at the scenario, Arun Goyat found CodeQuotient. CodeQuotient is a coding school with the aim to prep students to find jobs in companies as software engineers.
CodeQuotient provides students with full time training twice a year. The duration of the training is 4 months. The school focuses on teaching students belonging to tier1 and tier2 colleges.
How does it work?
The company aims at providing the students with jobs by making them job ready. Students are given opportunities to gain both practical and hands-on experience in software design and development.
Also, the students do not have to pay anything in return until and unless they find a job. After a student gets a job, the company deduct a certain percentage of the student’s first year salary.
Students pursuing B.Tech, M.Tech (CSE/IT/ECE) and MCA are eligible to apply for the same. The selection criteria for the same consists of a technical test and interview.
This idea came to life when Arun explained the entire concept to the Department of Computer Science and Applications at Kurukshetra University. Arun received funding from there and his first batch commenced in April last year which included 5 students.
There is a huge demand for skilled employees in the market. The team received about 250 applications out of which they selected 40 students for their next session. Out of the total students that the team has trained, 48 have already been placed. Till now, the team has trained over 55 students.
Also Read: 8 Indian Edtech Startups, 2016
Skill based edtech startups have gained popularity in the market as 80% of the total engineering graduates in the country are unemployed and that is not necessarily because of lack of jobs, but also because of lack of skilled and trained candidates.
Some of the startups which focus on skill based training include:
- ex-Tiger executive
About the School:
Ex-students of CodeQuotient are currently placed with top companies and here are some of the reviews they would like to share:
Rahul Kamboj from the last batch at CodeQuotient says that he got to learn more practical implementation during the four-month training that he could do in his 4 years at college. Currently, Rahul is working as a software engineer at BetaOut.
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